Amp Energy closes financing for 120MW solar project in New South Wales

Facebook
Twitter
LinkedIn
Reddit
Email
The Molong Solar Farm in New South Wales, owned by Amp Energy. Image: GRS Energy.

Renewables developer Amp Energy has secured financing for a 120MW solar installation in the Australian state of New South Wales that is expected to begin energisation in early 2022.

The Hillston Solar Farm will generate approximately 235,000GWh per year and is backed by a finance agreement with investment bank Natixis and Export Development Canada.

”Amp is pleased to begin a strategic relationship with Natixis for future financing of Amp projects in Australia and globally,” said Dean Cooper, executive vice president and head of Amp Australia.

Having revealed a US$374 million investment from private equity firm Carlyle early this year, Canada-headquartered Amp Energy has since achieved commercial operations at the 39MWdc Molong Solar Farm in New South Wales and has unveiled plans for a renewable energy hub in South Australia that will feature three PV projects totalling more than 1.3GW and battery storage capacity of up to 540MW.

Amp also signed a deal last month with Danish investment firm Copenhagen Infrastructure Partners to develop 1.7GW of renewables in India. The partnership enables investments of more than US$200 million in the portfolio of both utility as well as commercial and industrial solar projects and PV-wind hybrids.

Read Next

August 15, 2022
US solar developer Korsail Energy has secured a development capital commitment from renewables investment fund SolRiver Capital.
August 8, 2022
A introduction to Yingli Solar’s new YLM 3.0 Pro 415W module for both residential installations and commercial projects
August 5, 2022
Germany solar developer Wirsol Energy has received development approval for its Maryvale solar and energy storage project in New South Wales (NSW) by the NSW Department of Planning, Industry and Environment.
August 5, 2022
UAE-owned renewable energy company Masdar has achieved financial close on its first Azerbaijan solar project with a capacity of 230MW.
August 3, 2022
Last week, the Australian federal government proposed legislation that will lock-in Australia’s commitment to achieve net zero by 2050 as well as providing greater oversight and accountability over progress on climate change in a sharp departure from the previous administration.
PV Tech Premium
July 29, 2022
Sun Cable, the developer of an installation that bids to transmit renewable electricity from Australia to Singapore, will use proven technologies that have been deployed at projects around the world.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event